Why Urbanisation Has Spurred a Growth in the Self Storage Industry {awesome|amazing|Great|Special}

New research has revealed that an incredible 82% of Brits are now living in urban areas.

Whilst it might not come as much of a surprise to learn that the majority of us want to live close to where the jobs and all the amenities are, the growing demand for houses in cities means that people are being forced into smaller, yet more expensive homes.

Despite the fact that the number of people per household has also grown, the size of the average one bedroom flat is now just 47 square metres (505.9 square feet).

As living spaces get smaller and property prices get bigger, it’s forcing more of us into rented accommodation and first-time buyers are getting older and older. In 2001, 17% of the UK population was renting whereas today in 2015, this figure has risen to 25%.

As well as people struggling to afford a decent sized home, even many of those who were once living in a reasonably sized house or flat are being forced to downsize.

This certainly doesn’t sound like a good deal for any of us but one industry that is reaping the benefits of this is self storage. In fact, an annual report conducted by FEDESSA has revealed that across Europe, the industry is showing solid signs of growth, more units are being built, existing units are being expanded and new start-ups are becoming commonplace.

What is the link between the housing crises and self storage however? As many of us are being forced into smaller accommodation, it makes it very difficult to store all of our belongings. The fact that a huge proportion of the population can only afford a flat as opposed to a house also means that they are losing valuable storage space because they won’t have a loft, garage or garden.

If people really don’t want to downsize or simply can’t because of their growing family, they are choosing to turn different rooms of the house into bedrooms. Studies for example are quickly becoming a thing of the past as many people are being forced to turn this extra room into more suitable living arrangements.

Sometimes we may simply be forced to throw out the things we don’t really need but other times, there are essentials or sentimental items that we want to keep hold of. As space is limited in the home, people are opting to store their possessions in self storage. Quick, convenient and incredibly secure, it’s not hard to see why this has become such a tempting option.



Source by Charles Cockerton

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